Precision Drilling, Inc. Sustainability Profile
Precision Drilling, Inc., a leading provider in the oil and gas industry, is headquartered in the United States and operates extensively across North America. Founded in 1951, the company has established itself as a key player in drilling services, offering innovative solutions that enhance operational efficiency and safety. Specialising in contract drilling and completion services, Precision Drilling is renowned for its advanced drilling technologies and equipment, which set it apart from competitors. The company has achieved significant milestones, including the development of proprietary drilling rigs that optimise performance and reduce environmental impact. With a strong market position, Precision Drilling has garnered recognition for its commitment to safety and sustainability, making it a preferred choice for major energy companies. Its focus on continuous improvement and technological advancement ensures that it remains at the forefront of the drilling sector.
DitchCarbon Score
How does Precision Drilling, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Precision Drilling, Inc.'s score of 18 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Precision Drilling, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported emissions figures. The company is a current subsidiary of Precision Drilling Corporation, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Precision Drilling, Inc., it is important to note that emissions data and performance metrics may be inherited from its parent company, Precision Drilling Corporation. This cascading of data suggests that any climate initiatives or targets may align with those set by the parent organisation, although specific details are not provided. In the context of the industry, Precision Drilling, Inc. is expected to adhere to standard climate commitments, which typically include efforts to reduce Scope 1, 2, and 3 emissions. However, without explicit data or targets, the company's current climate strategy remains unclear. Overall, while Precision Drilling, Inc. is part of a larger corporate family that may have established climate commitments, the lack of specific emissions data and reduction initiatives limits the ability to assess its individual climate impact and commitments effectively.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 13,400,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 6,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - |
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Precision Drilling, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Precision Drilling, Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
